Business Overview:
This liquor store and deli, located in Hacienda Heights / La Puente area, is priced to sell. The sale of this 25 year old liquor store includes a significantly under-utilized deli operation, an 15 door walk-in cooler, plenty of inventory and a lotto sales business. The business is located in a busy shopping center that has plenty of parking and only 1 vacancy.
For more information regarding this listing please contact us by completing the "Contact the Seller" form to the left. We look forward to hearing from you.
Property Features and Assets:
This 2,045 square foot facility leases for $2,749 per month including CAM ($1.34 per square foot!). The 15 year lease has 2 years remaining and the landlord will likely extend the term as a buyer seeks. The sale includes all of the business assets including the furniture, fixtures, kitchen equipment, liquor license, name and goodwill.
Market Competition and Expansion:
Competition is considered to be medium as other liquor stores exist in the area, however this store’s complementary neighbors, location, parking, and 25 years of goodwill give this store a significant competitive advantage.
The business has a lot of potential and room to grow. The owners have done little to promote the business, update the deli or actively attempt to increase revenues in 25 years. New owners will likely inject new life into the business, as well as increase advertising and specials, and upgrade the deli to include fresh sandwiches, salads, cold cuts, paninis, tamales and a number of other items that customers may seek.
Reason for Selling:
Retiring
Additional Details:
- The property is leased.
- The owner is willing to train/assist the new owner.
- This is not a homebased business opportunity.
- This is not a franchise resale opportunity.
- This is not a distressed business or bankruptcy situation.